2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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58
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62
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74
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89
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Detailed explanation-1: -India is one of the founder members of IBRD, IDA and IFC. World Bank assistance in India started from 1948 when a funding for Agricultural Machinery Project was approved. World Bank resident mission was established in India in 1957.
Detailed explanation-2: -It not only grants loans out of its own funds, but it also assists private foreign investment by guaranteeing or participating in loans and investments made by private investors and coordinates the lending activities of the rich countries at a governmental level.
Detailed explanation-3: -NEW DELHI, August 1, 2022-Auguste Tano Kouamé is the World Bank’s Country Director for India, effective today. He replaces Junaid Kamal Ahmad who recently completed a five-year term.